By Staff
Friday, June 11, 2021 3:30 PM
Did you follow the optical news this week? Take VM’s News Quiz to see how much you know. This week's quiz takes a look at another show going virtual, eyes in overdrive and a special donation.
By Staff
Friday, June 11, 2021 2:46 PM
Luxottica and Mazzucchelli announce a collaboration, GrandVision acquisition clears another hurdle, register for VM’s virtual Summit session, Memorial Day holiday derails optical sales and Expo concludes show in Orlando all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.
By Staff
Friday, June 11, 2021 2:43 PM
MILAN and CASTIGLIONE OLONA, Italy—Luxottica and
Mazzucchelli announced today a collaboration agreement to develop and produce a highly sustainable type of acetate, accessible to all market players.The agreement provides for the acquisition by Luxottica of a minority stake of around 35 percent of the share capital of Mazzucchelli, in order to further finance the development of the project inside the Mazzucchelli production plants, the announcement said.
By Staff
Friday, June 11, 2021 2:08 PM
This coming Saturday is
Juneteenth, a day that honors the emancipation of enslaved people in the United States. It honors June 19, 1865, when "General Gordon Granger rode into Galveston, Texas, and announced that enslaved people were now free,"
Mental Floss reports. Head over to
Mental Floss to learn more about Juneteenth, including why it happened more than two years after Lincoln signed the Emancipation Proclamation, what happened after and how you can honor the holiday.
By Staff
Friday, June 11, 2021 11:04 AM
NEW YORK—For marketing and media company executives, 2021 is shaping up to be a banner year in some ways. According to a recent eMarketer forecast, pent-up demand for traditional advertising – coupled with “exploding growth in e-commerce-related ad spending and social media advertising – the research firm said it expects “a record-setting pace for ad spending growth worldwide this year.”
In addition, eMarketer noted that the trend line for advertising spending going forward also shifted up, “thanks to the unexpected resilience of digital ad spending in 2020.”
The updated
eMarketer forecast indicates total media ad spending worldwide will reach almost $748 billion this year, with a growth rate of 15 percent. This is the fastest growth rate since eMarketer began tracking the metric 10 years ago, the firm said.
By the end of 2024, ad spending will close in on the $1 trillion mark. (Note that, for context, the ad-spending total just hit the $500 billion mark in 2016.)
Even traditional ad spending will grow this year, by 7.6 percent, also its fastest growth rate since eMarketer began tracking this metric globally. “The additional $20.6 billion in traditional ad spending will help drive the overall reacceleration, but the main story will remain in the digital realm, as traditional ad spend will never again reach 2019 levels,” eMarketer said.
Digital’s share of worldwide media ad spending will cross the 60 percent threshold this year for the first time and is on track to reach nearly 70 percent by the end of the forecast period in 2025.
By Staff
Friday, June 11, 2021 8:10 AM
This artistic opti-themed print features real gold foil, making it a perfect addition to the office walls. You can pick it up on Etsy
here.
By Staff
Friday, June 11, 2021 12:27 AM
SCHIPHOL, The Netherlands and CHARENTON-LE-PONT, France—The proposed acquisition of major international retailer
GrandVision by
EssilorLuxottica moved closer to completion on Thursday. The companies—GrandVision (Euronext: GVNV) and EssilorLuxottica (Reuters: ESLX.PA)—said in separate statements that the Turkish competition regulator (Rekabet Kurumu) had cleared the transaction and, with this conditional approval, all regulatory approvals for closing of the transaction have been obtained.
By Staff
Friday, June 11, 2021 12:24 AM
RANCHO CORDOVA, Calif.—Eighty percent of Americans say pandemic-prompted screen time put their eyes in "overdrive," according to the results of a new survey commissioned by
VSP Vision Care.
By Staff
Friday, June 11, 2021 12:21 AM
LONGARONE, Italy—
Marcolin and
Guess have announced the early renewal of their exclusive licensing agreement for the design, production and worldwide distribution of Guess and Marciano sunglasses and eyeglasses.
By Staff
Friday, June 11, 2021 12:18 AM
NEW YORK—
Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an
electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.
By Staff
Friday, June 11, 2021 12:18 AM
NEW YORK—Last year, the
SUNY College of Optometry’s Office of Continuing Professional Education hosted a three-part Webinar Series on Race in Optometry. These webinars took a hard look at the experiences of Black optometrists as students, residents, faculty, and practitioners.
By Staff
Friday, June 11, 2021 12:15 AM
NEW YORK—
Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an
electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.